PANews reported on April 30 that according to CoinDesk, financial technology company SoFi announced the restart of cryptocurrency services, planning to restore customer crypto asset investment functions by the end of this year. The company's CEO Anthony Noto stated in a CNBC interview that this comeback will be more strategic than before the service suspension in 2023, and they plan to integrate blockchain technology into all their major products in the next 24 months.
In 2023, SoFi proactively suspended trading services for over 20 tokens to obtain a US banking license. Noto said that the new regulations issued by the Office of the Comptroller of the Currency (OCC) in March this year reduced the compliance burden for banks participating in crypto business, creating conditions for restarting. In addition to trading, SoFi may also launch crypto payment and crypto asset lending services.
